Mortgage Life Assurance
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Mortgage Life Assurance
If you have a repayment mortgage, Mortgage Life Assurance is vital. It is designed to pay off the remaining mortgage debt if you pass away within a specified period. This coverage ensures that your loved ones won’t face the burden of repaying the mortgage, allowing them to stay in their home without financial worry during a challenging time.
Our Mortgage Life Assurance Expertise
Level Term Assurance
Confidently leave behind a legacy free from financial burdens. This policy pays out a fixed sum equal to your outstanding mortgage, in the event of your absence.
Decreasing Term Assurance
At Haven, we understand the changing dynamics of mortgages can affect the policy you may wish to choose. With your mortgage diminishing over time, this policy dynamically adjusts, guaranteeing you only pay for the coverage you truly need.
Protecting Your Haven
Owning a home is more than just a financial investment, it is a haven for you, your loved ones, and life’s memories. That’s why it must remain protected in the event of your absence. Mortgage Life Assurance is your crucial buffer of protection, ensuring that the walls you’ve raised continue to shelter your loved ones, undisturbed by external pressures.
Mortgage Life Assurance is tailored to those with repayment mortgages. This coverage kicks in when the unthinkable happens, settling any outstanding mortgage balances within the designated term. This way, the weight of debt repayment will not cloud the grieving process.
Although most people tend to acquire Mortgage Life Assurance upon buying their home, it’s not a legal requirement. However, it’s always smart to plan for the future. If you have dependents to worry about, you’ll want to protect your mortgage – and by extension, your loved ones – in the event of your passing.
Several factors can affect the cost of your policy, such as age, health, lifestyle, or occupation. If you’re confused – don’t worry. Our dedicated team will walk you through every step of the process and guide you towards the best possible outcome.
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